Media Digest 6/19/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Media

Published: June 18, 2010 3:52 am

Last Updated: June 18, 2010 5:26 am

Reuters: A plan to isolate swaps from bank deposit assets will be in the financial reform bill.

Reuters: The Volcker rule would prevent mergers among large banks.

Reuters: Facebook’s 2009 revenue was close to $800 million.

Reuters: Oil traded at $76 and gold near all-time highs.Reuters: China told the G20 not to pressure it on the yuan.

Reuters: A jobs bill was blocked in the Senate.

Reuters: Regulators moved toward a set of broadband rules.

Reuters: Motorola (NYSE: MOT) and Sprint-Nextel (NYSE: S) will sell a Microsoft (NASDAQ: MSFT) Windows powered phone

Reuters: UAL (NASDAQ: UAUA) and Continental Airlines Inc (CAL) said lower cost airlines and foreign competition was a reason for their merger plan.

WSJ: Russian President Medvedev is worried about BP plc (NYSE: BP) and the euro.

WSJ: The Fed’s powers will stay in place under the financial reform plan.

WSJ: Calpers will retain executives to be nominated by the firm for boards which it thinks have poor governance.

WSJ: A fall in consumer prices will hurt profits at many companies.

WSJ: Campbell is recalling 15 million pounds of SpaghettiOs

WSJ: Lockheed Martin is preparing for military budget cuts.

WSJ: Europe agreed to release bank stress tests.

WSJ: There will be a battle over ratings liabilities.

WSJ: Sony Corporation’s (NYSE: SNE) CEO received compensation of $4.5 million.

WSJ: Qualcmm (NASDAQ: QCOM) faces a new EU probe.

WSJ: Motorola will put most of its cash into its handset business when it spins it out and will also reduce its pension liabilities.

NYT: As many as 50,000 Gulf workers could lose jobs with the deepwater drilling moratorium.

NYT: China’s energy plans put the environment way down the list of priorities.

FT: US companies are using cash for share buybacks.

Bloomberg: BP may lose control over its US assets–a third of its revenue.

Bloomberg: Greenspan said the US may soon reach its limit for adding sovereign debt.

Bloomberg: A Toyota Motor (NYSE: TM) plant in China was partly shut by a strike.

Bloomberg: The World Bank said China should use interest rates to manage its growing economy.

Douglas A. McIntyre

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